Good macroeconomic reports from China did not help Asian currencies, most of which remained subdued, but boosted the Australian dollar. The Aussie rose a little after yesterday’s decline also with the help of domestic data.
The Australian Producer Price Index advanced 1.3 percent in the third quarter of 2013 from the second quarter. Positive reports from China supported the currency as China is the biggest Australia’s trading partner. Yesterday, the Aussie (as the Australian currency is nicknamed) was also rising, but ended the trading session with losses.
AUD/USD rose from 0.9453 to 0.9472 and AUD/JPY went up from 92.96 to 93.16 as of 13:02 GMT today.
If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.